Japanese company expands Bitcoin strategy with new investment arm while major security vulnerabilities hit crypto platforms and devices.
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Metaplanet announced the formation of a new venture capital firm focused on Bitcoin and blockchain investments, expanding its corporate Bitcoin adoption strategy. The Tokyo-listed company will target Japan-based startups in Bitcoin payments, lending, stablecoins, and tokenization sectors, marking another institutional move into crypto venture funding.
The announcement comes amid heightened security concerns in the crypto space, with two major vulnerabilities exposed within hours. Hackers successfully compromised the Bonk.fun domain, deploying phishing prompts designed to drain user wallets, while Ledger's security team disclosed a MediaTek chip flaw that enables seed phrase theft from Android devices in just 45 seconds.
The security incidents highlight ongoing infrastructure risks that could impact investor confidence in crypto adoption. MediaTek has patched the vulnerability affecting its secure boot chain, but the exploit demonstrates how hardware-level flaws can compromise even security-focused crypto devices. Browser warnings helped flag the Bonk.fun attack, though damage to affected users remains unclear.
Metaplanet's venture initiative signals continued institutional appetite for Bitcoin investments despite security challenges. The firm's focus on Japanese projects aligns with the country's increasingly crypto-friendly regulatory environment and growing digital asset adoption among corporations.